Consumer data protection is a high priority, but there’s still work to be done

2021-04-20 04:30

"Breaches of personal information strike at the heart of the relationship between enterprises and their customers. Encryption is at the foundation of data protection, and when organizations don't prioritize protecting customer personal information, they raise enterprise risk of lost business and reputation," said John Grimm, vice president of strategy at Entrust.

Protection of customer information, protection against specific, identified threats, and protection of intellectual property all rank higher than compliance, which now sits at 45%. The complexity of managing encryption and keys in 2021.

65% of organizations report discovering where sensitive data resides continues to be, by far, the top challenge in planning and executing a methodical encryption strategy.

The study found that encryption or signing services for containers are the third most popular use case for HSMs behind application encryption and TLS/SSL. Public cloud encryption, including BYOK, is the fourth most popular HSM use case.

"Looking at the results of the Entrust 2021 Global Encryption Trends study in context of the past 16 years, it's clear that cybersecurity and data protection have never been more complex, at a time when the stakes have never been higher," said Dr. Larry Ponemon, chairman and founder of the Ponemon Institute.

"Most pertinently, it's encouraging that consumer data protection is such a high priority for organizations, but there is clearly some work to be done in turning that priority into a reality in terms of what data is actually encrypted and at what points in the data lifecycle. It's also apparent that organizations of all shapes and sizes are looking to adopt encryption for a range of new and cutting-edge use cases, which will no doubt continue to drive innovation in the industry."

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